Sportradar Group (NASDAQ:SRAD – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Zacks reports. The company had revenue of $410.62 million for the quarter, compared to the consensus estimate of $405.74 million. Sportradar Group had a return on equity of 2.42% and a net margin of 1.47%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS.
Here are the key takeaways from Sportradar Group’s conference call:
- Q3 revenue rose 24% to €363 million, while Adjusted EBITDA increased 21% to €102 million, with a 28.2% margin. Free cash flow reached €177 million in the first nine months, up 18% year over year.
- Prediction markets became a meaningful new growth channel, with Sportradar partnering with exchanges including Polymarket, Kalshi and Novig, as well as Robinhood and roughly 10 market makers. Management expects strong growth as trading volumes, broker relationships and ultra-low-latency data services expand.
- The IMG ARENA integration is performing ahead of the original 25% revenue-synergy target, supported by broader distribution to Sportradar’s 800-plus clients and new products such as live match trackers and player and micro markets.
- Full-year guidance was reiterated at 19%-21% constant-currency revenue growth and 24%-27% Adjusted EBITDA growth, but management flagged uncertainty around Brazil, where approximately €60 million of annual revenue could be at risk if the regulated market is curtailed. A potential MLB lockout is another uncertainty, although the company cited contractual protections and alternative Tier 1 sports content.
- Sportradar agreed to sell non-core Atrium Sports for €170 million, expected to close after regulatory approval, while retaining selected technology assets. The proceeds, along with the company’s €190 million cash balance and undrawn €250 million credit facility, will support investment, M&A and continued share repurchases.
Sportradar Group Trading Up 1.0%
SRAD stock traded up $0.15 during midday trading on Thursday, reaching $14.64. The company’s stock had a trading volume of 1,451,121 shares, compared to its average volume of 2,801,934. Sportradar Group has a 52 week low of $11.39 and a 52 week high of $24.17. The stock has a market cap of $4.38 billion, a PE ratio of 183.00 and a beta of 1.66. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. The business’s 50-day simple moving average is $12.54 and its 200-day simple moving average is $14.88.
Analyst Upgrades and Downgrades
SRAD has been the topic of a number of research reports. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research report on Friday, August 28th. Stifel Nicolaus decreased their price target on shares of Sportradar Group from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Citizens Jmp lowered their price target on shares of Sportradar Group from $20.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday. Wolfe Research initiated coverage on shares of Sportradar Group in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $22.00 price target for the company. Finally, Citigroup restated a “market outperform” rating on shares of Sportradar Group in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.97.
View Our Latest Report on SRAD
About Sportradar Group
Sportradar Group AG is a sports technology and data company that provides business-to-business solutions to sports federations, leagues, media organizations, sportsbooks and other clients worldwide. The company collects, processes and distributes sports data, helping customers deliver live scores, statistics, schedules, news and other sports content across digital platforms.
Its products and services include real-time data feeds, betting odds and managed betting services, audiovisual content, marketing solutions, fan-engagement tools and sports integrity services.
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